Extinguishment of delisted shares
This query is : Resolved
22 May 2023
Hello I had shares of kwality Ltd, a company that got delisted, the shares of the company were extinguished from my account without my consent and without me getting any extinguishment/buyback compensation for the same. Is it normal
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22 May 2023
If the company has been delisted for over a year, the shareholder can approach the company and enter into a private negotiation to sell the shares back to the promoters. This will be an off-market transaction and the price will be determined between the buyer and seller.
22 May 2023
Sarda Mines Private Limited completed the acquisition of Kwality Limited (BSE:531882) on January 25, 2022.
22 May 2023
So if the acquisition by sarda mines is complete, does it mean the automatic extinguishment of shares. Even in such scenarios arent the investor made aware of it by a mail or any form of correspondence
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